Nancy Pelosi caves and moves to BAN stock
trading in Congress: Democratic Speaker
u-turns on members buying shares despite
her husband raking in millions
Daily Mail (UK),
by
Elizabeth Elkind
Original Article
Posted By: Imright,
2/9/2022 8:59:32 AM
House Speaker Nancy Pelosi is now on board with a potential ban on members of Congress trading stocks, a new report suggested on Wednesday.The powerful Democrat has shot down the idea multiple times in the past, despite criticism over her husband raking in millions on the stock exchange.But the California legislator is now working with other Democratic leaders on how to get it done, according to Punchbowl News, after caving to pressure from both sides of the aisle and both chambers of Congress. It's reportedly now up to House Administration Committee Chair Rep. Zoe Lofgren to come up with pathways on how to enact
Reply 1 - Posted by:
john56 2/9/2022 9:14:50 AM (No. 1066604)
Couple of things. Watch for lots and lots of loopholes. Don't worry. Nancy and her fellow swamp creatures will be unaffected, but they'll throw the book at some rookie GOP Congresscritter who bought 100 shares of some mutual fund.
Second, like Democrats are going to follow the law anyway. Oops. It's an error my accountant made. I'll file a corrected form someday, maybe in 2034.
Third, Nancy knows that if the GOP wins the House two more things are going to happen. The GOP may institute a tougher rule. Plus, if the GOP wins, expect Nancy to resign and retire and she can spend the rest of her days between her SF and Florida mansions, eating $12 pint ice cream from her $24,000 refrigerators, day trading like there's no tomorrow and bashing Republicans on MSNBC and CNN all she wants.
33 people like this.
Reply 2 - Posted by:
Nashman 2/9/2022 9:24:43 AM (No. 1066617)
Laws? We don’t got to follow you’re stinking laws. She’ll keep doing what she’s doing. When there’s zero accountability, who cares what the laws say. Until they lock them up, nothing changes.
20 people like this.
Reply 3 - Posted by:
qr4j 2/9/2022 9:33:19 AM (No. 1066634)
San Fran Nan has already cashed in. And these sorts of laws end up being meaningless. Call me cynical. You'd be right.
26 people like this.
Reply 4 - Posted by:
Debrawr 2/9/2022 9:54:53 AM (No. 1066656)
What do you want to bet this legislation will exempt spouses and other family members?
23 people like this.
Reply 5 - Posted by:
PageTurner 2/9/2022 10:08:35 AM (No. 1066673)
She will carve out a loophole.
14 people like this.
Reply 6 - Posted by:
john56 2/9/2022 10:09:38 AM (No. 1066676)
Remember how the RATS cried about Trump's conflict of interest during the COVID days.
He owned a few shares in a mutual fund which owned shares in Sanofi, a drug company who holds the patent on Plaquenil (hydroxychloroquine), a drug that contributes less than 1% of its total revenue and has been a generic product sold by dozens of other companies for over 20 years.
12 people like this.
Reply 7 - Posted by:
bighambone 2/9/2022 10:15:56 AM (No. 1066683)
Nancy already got hers! The crooks in Congress can easily pass new legislation loaded with exception’s
, loopholes and waivers that will allow those corrupt practices to continue. Congress has done that many times in the past.
11 people like this.
Reply 8 - Posted by:
LC Chihuahua 2/9/2022 10:47:36 AM (No. 1066730)
No doubt there will be loopholes. Most of them would leave if it weren't for the power and wealth. now if we could use that perspective to fix Washington...
5 people like this.
Reply 9 - Posted by:
mobyclik 2/9/2022 10:59:06 AM (No. 1066749)
This will take forever, so what she is basically doing is giving the other crooks like her in Congress a heads up to 'grab as much cash as you can before this takes effect.' There's not an honest bone in that god-awful womans body. Oh yeah Nance, use some of your ill-gotten gain to get those horrible false teeth replaced...you sound like hell.
6 people like this.
She's made her money.
6 people like this.
Reply 11 - Posted by:
DVC 2/9/2022 11:36:35 AM (No. 1066796)
It should be "Members and their families, and any trusts or fiduciaries working on behalf of the members or families".
8 people like this.
Reply 12 - Posted by:
broken01 2/9/2022 12:02:25 PM (No. 1066819)
So what. The old bag and her crooked hubby have been insider trading since the 90's and are multi-millionaires. This move by the witch means nothing.
3 people like this.
Reply 13 - Posted by:
lakerman1 2/9/2022 1:44:35 PM (No. 1066908)
Define 'immediate family.'
AOC shacks up with her boyfriend. Is he 'immediate family?'
What about first cousins? nephews and nieces? Are they 'immediate family?' Or ex-spouses? Would a divorce by a member of congress exclude that ex spouse from coverage under this proposal? (Marc Rich had an ex wife who was representing his interests when she purchased a pardon from Dollar Bill Clinton for her ex spouse.)
3 people like this.
Reply 14 - Posted by:
Rich323 2/9/2022 2:57:37 PM (No. 1066972)
At this point what difference will it make because Pelosi and her family are set as billionaires for decades. She will never go hungry! She has more money than several third world countries. Need criminal investigations on insider trading. Of course Hillary did it back in the 1990s and has skated ever since. We are living amongst a plurality of thieves.
3 people like this.
Reply 15 - Posted by:
Lawsy0 2/9/2022 3:49:51 PM (No. 1067013)
The people at Daily Mail are the only humans who believe Pelosi's carp-fests.
2 people like this.
Reply 16 - Posted by:
Hazymac 2/9/2022 4:13:17 PM (No. 1067037)
Now, for "claw back," taking all the profits based on insider information, which is illegal for anyone not in Congress. I'm not holding my breath. But there ought to be justice for these wanton financial thieves who have enriched themselves unworthily.
2 people like this.
Reply 17 - Posted by:
homefry 2/9/2022 5:20:37 PM (No. 1067072)
Election time and she knows that all sane people see they should not be making rules and betting on the results.
0 people like this.
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